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Thread: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

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    U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    162,000 Jobs Added in March - Rate Remains 9.7% - NYTimes.com

    The Labor Department said Friday that the unemployment rate held steady at 9.7 percent. It is expected to worsen later this year as discouraged workers re-enter the labor force.

    ...

    But economists sounded a cautious note, pointing out that a sizable portion of the growth came from the government’s hiring of 48,000 census workers, mostly temporary jobs. There were clear signs, however, that the private sector was slowly gaining strength: over all, it added 123,000 jobs last month.
    The real number is 123,000 jobs, since the temp census jobs don't really count in my opinion. However this is a very good sign. So what is your opinion, are we on the road to recovery or not? What do you base it on?

    Personally, I am hopeful, but I am not prepared to call anything at this time.
    Last edited by tacomancer; 04-02-10 at 11:12 AM.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    By the end of the summer, you will see the majority of stimulus money flowing along with the last remaining days of a zero interest rate policy. As interest rates increase, business investment in labor will be more enticing than capital.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Come October you'll see tons of stimulus money flowing into states where Democrats of vulnerable. But hey, 162,000 more job is just marvelous isn't it?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by American View Post
    Come October you'll see tons of stimulus money flowing into states where Democrats of vulnerable. But hey, 162,000 more jobs is just marvelous isn't it?
    The tone of the "Hannity followers" when job creation is in full effect will be priceless. If there is job creation in the tune of 300k by summers end, the "conservative victory tour" will be a wash out.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Kind of "ho hum" - not much in the way of good news in the job report, but not much in the way of bad news, either.

    I'm not sure I'd want to be tying a "stimulus is working" narrative to this humdrum.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Taylor View Post
    Kind of "ho hum" - not much in the way of good news in the job report, but not much in the way of bad news, either.

    I'm not sure I'd want to be tying a "stimulus is working" narrative to this humdrum.
    No relevant economic comment; only your overstated opinion. Noted and not surprised.

    Positive job growth in the tune of six figures is now considered "neutral"?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    most jobs added in three years is good news.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    This is great news. Obviously job creation will have to get over 200k a month before the unemployment rate starts to decline, but the psychological effect of this is very good. This is the first time in 2 years the economy has actually created new jobs. If the trend continues, it will definitely help out with the anxiety of workers / consumers.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Goldenboy219 View Post
    The tone of the "Hannity followers" when job creation is in full effect will be priceless. If there is job creation in the tune of 300k by summers end, the "conservative victory tour" will be a wash out.
    There are 15 million people unemployed and you think "300k by summers end" is going to have everyone feeling rosy?

    Haha, you go right on thinking that my friend. Don't let me or the "Hannity followers" tell you any different.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Goldenboy219 View Post
    The tone of the "Hannity followers" when job creation is in full effect will be priceless. If there is job creation in the tune of 300k by summers end, the "conservative victory tour" will be a wash out.
    Obama needs more than 300,000 jobs to help his problem. That's nothing.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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